SG Americas Securities LLC Sells 8,112 Shares of Plexus Corp. $PLXS

Key Points

• SG Americas Securities LLC reduced its Plexus (NASDAQ:PLXS) position by 48.8% in Q4, selling 8,112 shares and leaving 8,521 shares worth about $1.253 million per its latest 13F filing.
• Several large institutions increased holdings—American Century (+44.2% to 1,103,892 shares), Massachusetts Financial Services, JPMorgan, and Vanguard (now owns 3,683,845 shares)—and institutional investors collectively own about 94.45% of the company.
• Company insiders have been net sellers recently: COO Oliver K. Mihm sold 9,541 shares and Chairman Dean A. Foate sold 5,000 shares, with insiders totaling 49,495 shares sold (~$10.01 million) over the last 90 days and now owning 1.78% of the stock.

SG Americas Securities LLC lessened its position in Plexus Corp. (NASDAQ:PLXS - Free Report) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,521 shares of the technology company's stock after selling 8,112 shares during the period. SG Americas Securities LLC's holdings in Plexus were worth $1,253,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company's stock valued at $159,722,000 after purchasing an additional 338,119 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Plexus by 23.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company's stock valued at $34,753,000 after purchasing an additional 45,425 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Plexus by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company's stock valued at $34,792,000 after purchasing an additional 52,967 shares in the last quarter. Nicola Wealth Management LTD. bought a new stake in Plexus in the third quarter valued at approximately $6,655,000. Finally, Vanguard Group Inc. increased its stake in Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company's stock valued at $533,016,000 after purchasing an additional 22,374 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $207.87 on Wednesday. The firm has a 50 day moving average of $199.37 and a 200-day moving average of $167.93. The stock has a market capitalization of $5.57 billion, a PE ratio of 32.33 and a beta of 0.75. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 12 month low of $108.21 and a 12 month high of $220.17.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $1.73 EPS. The firm's revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on PLXS. Wall Street Zen downgraded shares of Plexus from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. Weiss Ratings raised shares of Plexus from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 6th. Zacks Research raised shares of Plexus from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 6th. Needham & Company LLC increased their price objective on shares of Plexus from $165.00 to $206.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Finally, Stifel Nicolaus increased their price objective on shares of Plexus from $150.00 to $200.00 and gave the stock a "hold" rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.20.

Insider Buying and Selling at Plexus

In related news, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the transaction, the chief operating officer directly owned 12,809 shares of the company's stock, valued at $2,579,732.60. This represents a 42.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dean A. Foate sold 5,000 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the transaction, the chairman owned 15,000 shares in the company, valued at approximately $3,073,350. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,495 shares of company stock valued at $10,009,836 over the last 90 days. Insiders own 1.78% of the company's stock.

Plexus Profile

Plexus Corp. NASDAQ: PLXS is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.

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